18 February 2019, India:
Micro Focus today announced the acquisition ofsecurity analytics software firm Interset. The financial details of the acquisition were not disclosed. The acquisition is effective immediately.
The addition of this predictive analytics technology adds depth to Micro Focus’ Security, Risk & Governance portfolio, and aligns with the company’s strategy to help customers quickly and accurately validate and assess risk as they digitally transform their businesses
John Delk, Senior Vice President and General Manager of Security, Risk & Governance at Micro Focus, said, “Security is at the heart of every organization, and perhaps never more so than as they implement their digital transformation initiatives and leverage emerging technologies to better predict and take action on credible threats.”
John Delk, added, “Micro Focus recognized that an even more advanced analytics ecosystem was needed to assist in this journey, and we identified Interset as a critical addition to our strategy.”
Mark Smialowicz, Chief Executive Officer, Interset, said, “The combination of the Interset technology with Micro Focus’ broad security portfolio is a powerful combination that will produce a level of protection that will be unmatched in the market.”
Mark Smialowicz added, “Our ‘Data In, Intelligence Out’ methodology will deliver an even-more complete set of benefits for our combined customers – allowing them to leverage near real-time information to address both immediate- and long-term threats.”
Interset has achieved a strong reputation in the market with software that has been proven in key verticals – energy, critical infrastructure, high-tech, aerospace, defense and government – where threat detection is at a premium, the company said in a statement.
Momentum Cyber acted as exclusive financial advisor to Interset, Strategic Capital Associates acted for Micro Focus.
Interset develops and provides cyber-threat protection software for insider and targeted outsider threat detection. The company’s software unlocks the power of user and entity behavioral analytics (UEBA), machine learning, and Big Data to provide the fastest, most flexible way for IT security teams to regain control, enabling rapid and accurate threat detection capabilities.
(Image Source – Micro Focus)